PENSIONS AND INSURANCE Sample Clauses

PENSIONS AND INSURANCE. 12.01 (A) All regular employees covered by this Agreement shall be entitled to receive Blue Cross Healthmate Coast-to-Coast family coverage, if necessary, including a Student to Age 25 Rider and a Chiropractic rider; medical office visits ($15.00) co-pay; emergency room visits ($50.00) co- pay and a prescription drug plan with 20% co-pay for generic drugs, 25% co-pay for brand name drugs, and a 30% co-pay for preferred drugs. Both parties recognize that the rapidly changing health care delivery system may mean further changes in the future, but the City will provide an equivalent health care plan upon mutual agreement of the parties. Blue Cross health insurance will be paid by the City for all retiring members of the bargaining unit effective November 1, 1977 for three (3) years after retirement. In the event of the death of a member or retired member of the bargaining unit who is receiving family health insurance coverage, said coverage shall continue up to a maximum of three (3) years from either the date of the retirement or death of an active member. In the event that the member’s family obtains or is covered by health insurance or a private medical plan the coverage provided by the City will be terminated. Employees retiring after July 1, 1987 shall receive Blue Cross Healthmate Coast-to-Coast family coverage health insurance including a Student to Age 25 Rider, a Chiropractic rider and a prescription drug 80/20 plan until they are eligible for Medicare or Medicaid, provided that members retiring at age 62 or older shall receive coverage for three (3) years. If an employee received comparable health insurance himself or under a policy held by a spouse, then the City of East Providence shall not be required to purchase health insurance coverage for the retired employee. If the retired employee or his spouse loses equivalent insurance, as provided above, the City will reinstate City coverage until such equivalent insurance is secured or until the retired employee is eligible for Medicare or Medicaid. The members of United Steelworkers Local 15509 are in agreement to a co-share in the health care premium for the health care coverage provided by the City in the following amounts: Effective November 1, 2008, active members ONLY hired prior to November 1, 2008 will contribute on a pre-tax basis to be applied to the principal only (not WRI portion) $14.00 per week. Effective November 1, 2008, active members ONLY hired on or after November 1, 2008 will contri...
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PENSIONS AND INSURANCE. 14.01 (1) The Corporation shall continue its contribution and the contributions of its Employees to the present OMERS Pension Plan which presently provides a pension equal to 2% of the Employee's annual contributory earnings during the 60 consecutive months of highest contributory earnings,
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PENSIONS AND INSURANCE. 16.01 OHEDI will maintain the Canada Pension; OMERS. F.A.E. Plan now in effect; will provide all regular employees with an OMERS Supplementary Pension, Type 1, 1-3/4% past service; and Group Life Insurance Basic Plan with Canada Life or equivalent as may be selected through another carrier by OHEDI.
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PENSIONS AND INSURANCE. 16.01 The Corporation will maintain the Canada Pen- sion; OMERS. F.A.E. Plan now in effect; will provide all regular employees with an OMERS. Supplemen- tary Pension, Type 1, 1-3/4% past service; and Group Life Insurance Basic Plan with Canada Life or equiv- alent as may be selected through another carrier by the Corporation.
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PENSIONS AND INSURANCE. 25.01 The Institute agrees to continue the following benefit plans subject to changes required by legislation:
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PENSIONS AND INSURANCE. A. The Company shall provide and maintain on behalf of the Executive, his spouse and any dependent children membership in a health insurance scheme or any other scheme providing equivalent benefits. The Executive shall also be entitled to a free health check every two years.
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PENSIONS AND INSURANCE. 11.1 The Company does not operate a pension scheme and the Executive is encouraged to make his own pension arrangements.
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PENSIONS AND INSURANCE. 11.1 The Company will operate a stakeholder non-contributory pension scheme and will contribute in each year an amount equal to 5% of the Executive's basic salary into the scheme on the Executive's behalf. Payments will be made in monthly instalments in arrears, less any deductions for tax or NI contributions required by law. The Executive will be eligible to join the pension scheme once he has been employed by the Company for three full calendar months subject to the rules of such scheme in force from time to time.
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PENSIONS AND INSURANCE. 13.01 The Corporation and the employees will participate in the Ontario Municipal Employees Retirement System Basic Plan – (O.M.E.R.S.) and the Canada Pension Plan on an integrated basis, in accordance with the regulations of the Plans.
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Related to PENSIONS AND INSURANCE

  • Benefits and Insurance The Executive shall, in accordance with Company policy and the terms of the applicable plan documents, be eligible to participate in benefits under any benefit plan or arrangement that may be in effect from time to time and made available to similarly situated Company executives (including, but not limited to, being named as an officer for purposes of the Company’s Directors & Officers insurance policy). The Company reserves the right in its sole discretion to modify, add or eliminate benefits at any time. All benefits shall be subject to the terms and conditions of the applicable plan documents, which may be amended or terminated at any time. The Executive shall be entitled to vacation each year, in addition to sick leave and observed holidays in accordance with the policies and practices of the Company. Vacation may be taken at such times and intervals as the Executive shall determine, subject to the business needs of the Company.

  • Bonding and Insurance All expenses of bond, liability, and other insurance coverage required by law or regulation or deemed advisable by the Trustees of the Trust, including, without limitation, such bond, liability and other insurance expenses that may from time to time be allocated to the Fund in a manner approved by its Trustees.

  • Properties and Insurance (a) HUBCO and its Subsidiaries have good and, as to owned real property, marketable title to all material assets and properties, whether real or personal, tangible or intangible, reflected in HUBCO's consolidated balance sheet as of December 31, 1997, or owned and acquired subsequent thereto (except to the extent that such assets and properties have been disposed of for fair value in the ordinary course of business since December 31, 1997), subject to no encumbrances, liens, mortgages, security interests or pledges, except (i) those items that secure liabilities that are reflected in said balance sheet or the notes thereto or that secure liabilities incurred in the ordinary course of business after the date of such balance sheet, (ii) statutory liens for amounts not yet delinquent or which are being contested in good faith, (iii) such encumbrances, liens, mortgages, security interests, pledges and title imperfections that are not in the aggregate material to the business, operations, assets, and financial condition of HUBCO and its subsidiaries taken as a whole and (iv) with respect to owned real property, title imperfections noted in title reports. Except as disclosed in the HUBCO Disclosure Schedule, HUBCO and its Subsidiaries as lessees have the right under valid and subsisting leases to occupy, use, possess and control all property leased by HUBCO or its Subsidiaries in all material respects as presently occupied, used, possessed and controlled by HUBCO and its Subsidiaries.

  • Taxes and Insurance Borrower shall pay to Lender on each Payment Date (i) one-twelfth (1/12th) of the Taxes that Lender estimates will be payable during the next twelve (12) months in order to accumulate with Lender sufficient funds to pay all such Taxes at least thirty (30) days prior to their respective due dates and (ii) one-twelfth (1/12th) of the Insurance Premiums that Lender estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof in order to accumulate with Lender sufficient funds to pay all such Insurance Premiums at least thirty (30) days prior to the expiration of the Policies. Such amounts will be transferred by Lender to a Subaccount (the “Tax and Insurance Subaccount”). Lender will (a) apply funds in the Tax and Insurance Subaccount to payments of Taxes and Insurance Premiums required to be made by Borrower pursuant to Section 5.2 hereof and Section 7.1 hereof, provided that Borrower has promptly supplied Lender with notices of all Taxes and Insurance Premiums due, or (b) reimburse Borrower for such amounts upon presentation of evidence of payment; subject, however, to Borrower’s right to contest Taxes in accordance with Section 5.2 hereof. In making any payment relating to Taxes and Insurance Premiums, Lender may do so according to any xxxx, statement or estimate procured from the appropriate public office (with respect to Taxes) or insurer or agent (with respect to Insurance Premiums), without inquiry into the accuracy of such xxxx, statement or estimate or into the validity of any tax, assessment, sale, forfeiture, tax lien or title or claim thereof. If Lender determines in its reasonable judgment that the funds in the Tax and Insurance Subaccount will be insufficient to pay (or in excess of) the Taxes or Insurance Premiums next coming due, Lender may increase (or decrease) the monthly contribution required to be made by Borrower to the Tax and Insurance Subaccount.

  • Liability and Insurance 7.1 Workers’ Compensation Insurance. The Contractor shall maintain workers’ compensation insurance as required under the Florida Workers’ Compensation Law or the workers’ compensation law of another jurisdiction where applicable. The Contractor must require all subcontractors to similarly provide workers’ compensation insurance for all of the latter’s employees. In the event work is being performed by the Contractor under the Contract and any class of employees performing the work is not protected under Workers’ Compensation statutes, the Contractor must provide, and cause each subcontractor to provide, adequate insurance satisfactory to the Department, for the protection of employees not otherwise protected.

  • Pensions, etc To pay pensions for faithful service, as deemed appropriate by the Trustees, and to adopt, establish and carry out pension, profit sharing, share bonus, share purchase, savings, thrift, deferred compensation and other retirement, incentive and benefit plans, trusts and provisions, including the purchasing of life insurance and annuity contracts as a means of providing such retirement and other benefits, for any or all of the Trustees, officers, employees and agents of the Trust;

  • Indemnities and Insurance The indemnities and insurance requirements set forth in Articles 16 and 17, respectively, will apply to Indemnitees and LESSOR's representatives during return of the Aircraft, including the ground inspection and acceptance flight. With respect to the acceptance flight, LESSOR's representatives will receive the same protections as LESSOR on LESSEE's Aviation and Airline General Third Party Liability Insurance.

  • Pension All present employees enrolled in the Hospital's pension plan shall maintain their enrolment in the plan subject to its terms and conditions. New employees and employees not yet eligible for membership in the plan shall, as a condition of employment, enroll in the plan when eligible in accordance with its terms and conditions.

  • Pensions Subject to the provisions of paragraph 2 of Article 19, pensions and other similar remuneration paid to a resident of a Contracting State in consideration of past employment shall be taxable only in that State.

  • Reimbursements and In-Kind Benefits Notwithstanding anything to the contrary in this Agreement, all reimbursements and in-kind benefits provided under this Agreement that are subject to Section 409A of the Code shall be made in accordance with the requirements of Section 409A of the Code, including, where applicable, the requirement that (A) any reimbursement is for expenses incurred during Executive’s lifetime (or during a shorter period of time specified in this Agreement); (B) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year; (C) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (D) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit.

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